Today we have to decided to spot out the activity of a stock at a resistance in terms of OI, We have taken today’s activity in reliance as an example to explain this.
Here’s the 10 min candlestick chart of Reliance January futures, where the resistance zone is marked with an arrow.
Now see below highlighted what happened when price reached that resistance levels
Today is a small example on how the resistances behave and in future we will have an example of a breakout from the resistance as well to understand how a breakout looks like.
One reply on “Δ OI – Example from Reliance.”
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